Pattern Energy Group

What Pattern Energy Group does

Pattern Energy Group LP is a privately held developer, owner, and operator of utility-scale renewable energy and transmission infrastructure across North America, headquartered in San Francisco with an Operations Control Center in Houston and regional offices in Albuquerque, San Diego, Toronto, Boulder, and Mexico City. The company was co-founded in 2009 by Hunter Armistead and Mike Garland, was publicly traded on NASDAQ from 2013 to 2020 under ticker PEGI, and returned to private ownership with CPP Investments (Canada Pension Plan Investment Board) as its largest institutional shareholder alongside APG Asset Management and Australian Retirement Trust. Pattern operates more than 40 renewable energy facilities totaling approximately 12,000 MW of operating and in-construction capacity, with a development pipeline of nearly 30 GW.

The company's flagship asset, the SunZia Wind and Transmission Project, achieved full commercial operation on June 18, 2026 after 18 years of development and is the largest renewable energy infrastructure project in U.S. history. It comprises the 3,650 MW SunZia Wind facility (916 turbines across central New Mexico using GE Vernova and Vestas equipment) and the 550-mile SunZia Transmission HVDC line using Hitachi Energy voltage source converter technology, capable of delivering up to 3,000 MW to Arizona and California. Pattern's portfolio also includes the Western Spirit Wind multi-site facility (Duran Mesa and Red Cloud) in New Mexico, the Solect Energy commercial solar subsidiary (over 185 MW across 900+ projects), and assets acquired through the April 2026 acquisition of Cordelio Power (1,550 MW of wind, solar, and storage across North America). Under development is the Southern Spirit Transmission project plus approximately 1,050 miles of additional high-voltage transmission targeted for construction within 2–3 years.

Pattern generates revenue exclusively through long-term power purchase agreements with utilities, municipal energy providers, government agencies, and corporate buyers. SunZia alone has 12 contracted offtakers including eight California government entities (Clean Power Alliance, Ava Community Energy, Central Coast Community Energy, CleanPowerSF, Riverside Public Utilities) plus the University of California and Los Angeles Department of Water and Power. The company structures project-level non-recourse debt to finance development — most notably an $11 billion facility led by Deutsche Bank for SunZia — and benefits from stable contracted cash flows under multi-decade PPAs. Distribution is direct (enterprise field sales) with no retail or intermediated channel, and the company employs between 501 and 1,000 staff across North America.

Name

Pattern Energy Group

Legal name

Pattern Energy Group LP

Website

https://patternenergy.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Pattern Energy Group is a privately held North American developer and operator of utility-scale wind, solar, storage, and HVDC transmission infrastructure, selling electricity under long-term power purchase agreements to utilities, government entities, and corporate buyers across the US, Canada, and Mexico.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation and Transmission

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Other Electric Power Generation (221118), Electric Power Transmission, Control, and Distribution (22112)

SIC

Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510), Electrical Industrial Apparatus (3620), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Hybrid Wind Power Plants (Wind+Solar+Storage Co-located) (EUACAFAH)

akta.pro secondary industries

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Power Electronics & Grid-Tie Equipment Manufacturing (Converters, Transformers, Switchgear) (EUAMAHAH), Structured Renewable Products (Blocks, Shaped, Baseload, Peak, Firming) (EUAGADAE), Cables, Connectors & Electrical BOS Components Manufacturing (MV/HV, Subsea, Harnesses) (EUAMAHAK)

Keywords

• Wind power generation
• Renewable energy infrastructure
• HVDC transmission
• Commercial solar development
• Power purchase agreements

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Power Sales through PPAs: Pattern Energy generates revenue through long-term power purchase agreements (PPAs) with utilities, governments, and corporate customers. The SunZia project has contracted offtakers including California governments and community energy providers.
2. Clean Energy Asset Operations: Operating and maintaining renewable energy facilities (wind, solar, transmission, storage) to generate reliable power and revenue under long-term contracts.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Pattern Energy is a privately held independent power producer that develops, owns, and operates large-scale renewable energy generation and transmission infrastructure across North America, including wind farms, solar facilities, energy storage, and high-voltage direct current (HVDC) transmission lines. The company sells the electricity produced by these assets to utilities, government entities, and corporate buyers under long-term power purchase agreements (PPAs).

Product overview

Pattern Energy Group is a privately held developer and operator of clean energy and transmission infrastructure across North America. Its portfolio includes wind generation facilities (such as the SunZia Wind project at ~3,650 MW, Western Spirit Wind, and numerous others), solar projects (through its Solect Energy subsidiary), and high-voltage transmission lines (notably the SunZia HVDC Transmission line at 550 miles, and the planned Southern Spirit Transmission). Following the April 2026 acquisition of Cordelio Power, the company added approximately 1,550 MW of wind, solar, and storage assets plus a U.S. development pipeline. With over 40 operating facilities totaling ~12 GW of installed capacity and a development pipeline of ~30 GW, the company operates its portfolio from an Operations Control Center in Houston, with offices in Albuquerque, San Diego, Toronto, Boulder, and Mexico City.

Differentiator

Problem solved

Functional benefit

Products and services

• SunZia Wind The largest onshore wind farm in the United States, comprising approximately 3,650 MW of generating capacity across 916 turbines spread across three counties in central New Mexico. It forms the generation half of the integrated SunZia project, selling electricity under long-term PPAs to utilities and government entities including California municipalities and the University of California.
• SunZia Transmission A 550-mile high-voltage direct current (HVDC) transmission line carrying up to 3,000 MW of wind-generated electricity from central New Mexico to Arizona and across the western U.S. grid. It uses Hitachi Energy's HVDC Light voltage source converter technology and is the largest VSC-based HVDC installation in the United States.
• Pattern Energy Operating Portfolio The aggregate operating portfolio of more than 40 renewable energy facilities across North America, including wind farms, solar farms, energy storage projects, and transmission lines, totaling approximately 12 GW of installed capacity with a development pipeline of nearly 30 GW. Power from the portfolio is sold to utilities, government entities, and corporate buyers under long-term contracts.
• Western Spirit Wind A multi-site wind generation facility in New Mexico comprising the Duran Mesa and Red Cloud wind farms, supplying renewable energy under long-term contracts including supply to the Los Angeles Department of Water and Power for the Red Cloud Wind Project.
• Solect Energy Pattern Energy's wholly owned commercial solar subsidiary headquartered in Hopkinton, Massachusetts, providing engineering, development, and installation of commercial solar projects with more than 185 MW delivered across over 900 projects.
• Cordelio Power Portfolio Independent power producer portfolio acquired in April 2026, comprising approximately 1,550 MW of operating and in-construction wind, solar, and energy storage facilities across the United States and Canada, plus a development pipeline in key U.S. target markets.
• Southern Spirit Transmission A planned high-voltage transmission project under development as part of Pattern Energy's pipeline of approximately 1,050 miles of new transmission lines intended to commence construction over the next two to three years.

Quantifiable outcome

• 3,650 MW capacity - largest wind farm in Western Hemisphere
• +6 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and major.

• Cordelio PowercoreStrategic or Co-development Partner · 2 April 2026Pattern Energy completed acquisition of Cordelio Power, adding approximately 1,550 MW of operating and in-construction wind, solar, and storage projects across the US and Canada. The acquisition includes 16 projects plus a development pipeline and experienced team, expanding Pattern's clean energy platform in North America.
• Hitachi EnergycoreTechnology or IntegrationHitachi Energy provided HVDC Light voltage source converter technology for SunZia transmission line - the largest VSC-based HVDC installation in the US.
• GE VernovacoreTechnology or IntegrationSupplied 674 wind turbines for SunZia Wind project; GE Vernova is the technology provider for the wind generation portion of the project.
• VestascoreTechnology or IntegrationCompleted installation of 242 wind turbines at SunZia project; Vestas is a key turbine supplier and construction partner.
• Blattner EnergycoreImplementation/ SI/ Consulting PartnerConstruction contractor for SunZia Wind; provided over 2,000 construction workers and trade partners for the project.
• Quanta Services Inc.majorImplementation/ SI/ Consulting PartnerInfrastructure services provider contributing to SunZia project delivery through operating companies.
• California Independent System Operator (CAISO)majorStrategic or Co-development PartnerGrid operator supporting SunZia's integration into California grid; CAISO president highlighted project's importance for grid reliability.
• Clean Power InstitutemajorStrategic or Co-development PartnerNational nonprofit focused on clean energy workforce development; partnership with Pattern Energy to create micro-credential program for entry-level wind technicians in New Mexico.
• New Mexico Renewable Energy Transmission Authority (RETA)majorStrategic or Co-development PartnerState authority supporting renewable energy development in New Mexico; RETA chairman acknowledged SunZia as significant energy infrastructure investment.

Scale indicators12 records

Recent moves7 records

Expansion highlights8 records

Direct peers

• NextEra Energy Resources: Subsidiary of NextEra Energy and the largest operator of wind and solar generation in North America. Closest pure-play peer to Pattern as a developer, owner, and operator of utility-scale renewables under long-term PPAs.
• Invenergy: Privately held U.S. renewable energy IPP and transmission developer with wind, solar, and storage across North America. Highly comparable private-model platform competing with Pattern for utility-scale PPA opportunities.
• Apex Clean Energy: U.S.-focused independent wind and transmission developer operating utility-scale wind farms under long-term PPAs. Comparable as a private renewable IPP with development-to-operations capability.
• EDF Renewables: North American subsidiary of EDF developing, owning, and operating wind, solar, and storage projects under PPAs. Direct competitor in the same utility-scale renewable space.
• Clearway Energy: U.S. renewables-focused yieldco that owns and operates wind, solar, and storage assets contracted under long-term PPAs. Direct peer as a contracted-cash-flow renewable IPP.
• Lightsource bp: Global utility-scale solar developer and operator with a growing U.S. development pipeline and owned asset base. Comparable as a focused renewables IPP with project development-to-operations model.

Broad incumbents

• Engie: Global utility and IPP with a large North American renewables portfolio. Competes in the same utility-scale wind/solar market but as part of a much broader global energy portfolio.
• RWE Renewables: German-headquartered global renewables IPP with significant U.S. wind and solar operations. Overlaps with Pattern in utility-scale North American renewable development and PPAs.

Emerging players

• Avantus: U.S. solar and storage developer with a sizeable development pipeline. Competes with Pattern for utility-scale solar/storage PPA opportunities, particularly in the western U.S.
• Longroad Energy: U.S. renewable energy developer, owner, and operator focused on wind, solar, and storage. Smaller-scale peer with overlapping PPA-driven business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/PatternEnergy
• Facebookfacebook.com/224186091116958
• LinkedInlinkedin.com/company/pattern-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds4 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pattern Energy Group